MAN 3025 Chapter Notes - Chapter 3: Triple Bottom Line, Sole Proprietorship, Regional Policy Of The European Union
Document Summary
Mod 3, ch3 (4)- work environment and ethical responsibilities. The holier-than-thou effect and motivated blindness (lying and cheating) The millennials" search for meaning in life rather than financial success. Bottom line of a revenue-and-expenses statement is the organization"s profit (or loss). Stockholders- those who own the organization stakeholders the people whose interests are affected by an organization"s activities. Internal stakeholders: employees are considered the talent the most important resource, owners - stockholders. Private investors: if you"re a member of a family running a car dealership. Employee owners: company half owned by its employees. you are one of the joint owners". Stockholders: board of directors- are elected by the stockholders to run the company. In nonprofit organizations, such as universities or hospitals, the board may be called the board of trustees (regents). External stake holders: task environment- consists of 11 groups that present you with daily tasks to handle, customers- pay to use an organization"s goods or services.
